ππππ₯π Riding the Bull: S&P 500βs Electrifying ride in 2024! ππ₯πππ
Kia ora Tiger traders! 2024 is shaping up to be a year for the record books! π The S&P 500 has roared to an 18.1% gain through the first 163 trading days~someone pass the sunscreen, because this market is sizzling! βοΈ And with this being a Presidential Election Year, we're in for a thrilling ride! π’ Just like 1936, which saw a similar bullish start, could we be looking at a historic finish? π§ Or will it be more like 1987βs infamous βWhoops-a-Daisyβ? π€·ββοΈ
Letβs break down the numbers (because numbers never lie, but they can exaggerate):
- 1933 π₯ led the charge with a 56.6% gain (market optimism during recovery)~talk about a comeback story! π¬
- 1987 π? Despite a strong start with 37.6%, it tumbled into a bear market by year-end, finishing at -11.9%. Ouch! Talk about a plot twist no one saw coming! π
- 2024? Currently at 18.1%, all eyes are on how the market momentum will carry us forward. Will it be another bull market that makes us all look like geniuses, or will we face volatility that has us saying, βWell, that escalated quicklyβ? π
π€ Historical Insights: When the S&P 500 surges in the first 163 trading days, it often hints at strong market trends for the rest of the year. Take 1954~up 24.9% early on and ended the year up 44.1%! A fairy-tale ending! π° On the flip side, 1987βs promising start ended in a crash~cue the sad trombone. πΊ Evaluating these patterns could give traders the edge they need, or at least a few more grey hairs! π΄
π§ Analyst Outlook: Experts are buzzing like bees in a honey pot about the technical analysis pointing to potential continued gains, especially given the parallels to previous election years like 1936. With capital flow strong and investor confidence high, will 2024 close out as one of the best years in S&P 500 history? π Or will it leave us all shaking our heads and saying, βWell, that was unexpectedβ? π
Hey Tiger Traders: With the S&P 500 off to such a strong start, do you think 2024 will finish as a bull market year, or will it see a repeat of 1987βs infamous crash? π€ How are you preparing your portfolios~helmet and parachute or just sunglasses and a beach chair? πΆοΈποΈ
Happy trading ahead. Cheers, BC π
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